The Policy of Risk Management

Matthew C. Roberts ()
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Matthew C. Roberts: The Ohio State University

Chapter Chapter 15 in US Programs Affecting Food and Agricultural Marketing, 2013, pp 401-416 from Springer

Abstract: Abstract Agricultural and food production is fundamentally different than other forms of production in the economy, and the differences require alternate methods of risk management. This chapter reviews the primary tools available to producers for the management of price and quantity risk, including insurance, government programs, and market-based instruments. Each of these tools is explained in both historical context and for how it impacts on market function. Current controversies in policy and markets and marketing are then discussed, as are recent research findings and proposed solutions. Some of the controversies addressed are the impact of speculation, packer ownership of cattle, and planting restrictions for decoupled payments.

Keywords: Future Market; Commodity Price; Future Price; Price Discovery; Future Contract (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-1-4614-4930-0_15

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DOI: 10.1007/978-1-4614-4930-0_15

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